Download or read book Spectrum Auctions and Competition in Telecommunications written by Gerhard Illing and published by MIT Press. This book was released on 2003-12-23 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading experts in industrial organization and auction theory examine the recent European telecommunication license auction experience. In 2000 and 2001, several European countries carried out auctions for third generation technologies or universal mobile telephone services (UMTS) communication licenses. These "spectrum auctions" inaugurated yet another era in an industry that has already been transformed by a combination of staggering technological innovation and substantial regulatory change. Because of their spectacular but often puzzling outcomes, these spectrum auctions attracted enormous attention and invited new research on the interplay of auctions, industry dynamics, and regulation. This book collects essays on this topic by leading analysts of telecommunications and the European auction experience, all but one presented at a November 2001 CESifo conference; comments and responses are included as well, to preserve some of the controversy and atmosphere of give-and-take at the conference.The essays show the interconnectedness of two important and productive areas of modern economics, auction theory and industrial organization. Because spectrum auctions are embedded in a dynamic interaction of consumers, firms, legislation, and regulation, a multidimensional approach yields important insights. The first essays discuss strategies of stimulating new competition and the complex interplay of the political process, regulation, and competition. The later essays focus on specific spectrum auctions. Combining the empirical data these auctions provide with recent advances in microeconomic theory, they examine questions of auction design and efficiency and convincingly explain the enormous variation of revenues in different auctions.
Download or read book Spectrum Auctions and Competition in Telecommunications written by Gerhard Illing and published by . This book was released on 2002 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wireless Services Spectrum Auctions and Competition in Modern Telecommunications written by Thomas James Duesterberg and published by . This book was released on 1997 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Where Do We Go from Here written by Coleman Bazelon and published by DIANE Publishing. This book was released on 1997-07 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: Auctions of licenses to use the radio spectrum conducted by the FCC from 1994-98 will yield $27 billion in receipts to the U.S. treasury. The initial success has generated interest in the use of auctions to raise additional receipts and enhance the value of the spectrum to society. This study examines the results of the initial FCC auctions, the general outlook for future auctions, and the applicability of auctions to the intro. of digital broadcast TV. It also considers the prospects for using auctions and other market mechanisms not only in assigning licenses to specific users, but also in allocating frequencies to different uses. Charts and tables.
Download or read book Competition Regulation and Convergence written by Sharon E. Gillett and published by Routledge. This book was released on 1999-09-01 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: The telecommunications industry has experienced dynamic changes over the past several years, and those exciting events and developments are reflected in the chapters of this volume. The Telecommunications Policy Research Conference (TPRC) holds an unrivaled place at the center of national public policy discourse on issues in communications and information. TPRC is one of the few places where multidisciplinary discussions take place as the norm. The papers collected here represent the current state of research in telecommunication policy, and are organized around four topics: competition, regulation, universal service, and convergence. The contentious competition issues include bundling as a strategy in software competition, combination bidding in spectrum auctions, and anticompetitive behavior in the Internet. Regulation takes up telephone number portability, decentralized regulatory decision making versus central regulatory authority, data protection, restrictions to the flow of information over the Internet, and failed Global Information Infrastructure initiatives. Universal service addresses the persistent gap in telecommunications from a socioeconomic perspective, the availability of competitive Internet access service and cost modeling. The convergence section concentrates on the costs of Internet telephony versus circuit switched telephony, the intertwined evolution of new services, new technologies, and new consumer equipment, and the politically charged question of asymmetric regulation of Internet telephony and conventional telephone service.
Download or read book Spectrum Auctions written by Geoffrey Myers and published by LSE Press. This book was released on 2023-02-15 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to the radio spectrum is vital for modern digital communication. It is an essential component for smartphone capabilities, the Cloud, the Internet of Things, autonomous vehicles, and multiple other new technologies. Governments use spectrum auctions to decide which companies should use what parts of the radio spectrum. Successful auctions can fuel rapid innovation in products and services, unlock substantial economic benefits, build comparative advantage across all regions, and create billions of dollars of government revenues. Poor auction strategies can leave bandwidth unsold and delay innovation, sell national assets to firms too cheaply, or create uncompetitive markets with high mobile prices and patchy coverage that stifles economic growth. Corporate bidders regularly complain that auctions raise their costs, while government critics argue that insufficient revenues are raised. The cross-national record shows many examples of both highly successful auctions and miserable failures. Drawing on experience from the UK and other countries, senior regulator Geoffrey Myers explains how to optimise the regulatory design of auctions, from initial planning to final implementation. Spectrum Auctions offers unrivalled expertise for regulators and economists engaged in practical auction design or company executives planning bidding strategies. For applied economists, teachers, and advanced students this book provides unrivalled insights in market design and public management. Providing clear analytical frameworks, case studies of auctions, and stage-by-stage advice, it is essential reading for anyone interested in designing public-interested and successful spectrum auctions.
Download or read book Where Do We Go from Here written by and published by Congressional Budget Office. This book was released on 1997 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spectrum Auctions written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance and published by . This book was released on 1987 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Using Spectrum Auctions to Enhance Competition in Wireless Services written by Peter Cramton and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spectrum auctions are used by governments to assign and price licenses for wireless communications. Effective auction design recognizes the importance of competition, not only in the auction, but in the downstream market for wireless communications. This paper examines several instruments regulators can use to enhance competition and thereby improve market outcomes.
Download or read book Dynamic Spectrum Auction in Wireless Communication written by Yanjiao Chen and published by Springer. This book was released on 2015-02-06 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This brief explores current research on dynamic spectrum auctions, focusing on fundamental auction theory, characteristics of the spectrum market, spectrum auction architecture and possible auction mechanisms. The brief explains how dynamic spectrum auctions, which enable new users to gain spectrum access and existing spectrum owners to obtain financial benefits, can greatly improve spectrum efficiency by resolving the artificial spectrum shortage. It examines why operators and users face significant challenges due to specialty of the spectrum market and the related requirements imposed on the auction mechanism design. Concise and up-to-date, Dynamic Spectrum Auction in Wireless Communication is designed for researchers and professionals in computer science or electrical engineering. Students studying networking will also find this brief a valuable resource.
Download or read book Auctioning Radio Spectrum Licenses written by and published by . This book was released on 1992 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Telecompetition written by Lawrence Gasman and published by Cato Institute. This book was released on 1994 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are on the verge of gaining access to a cornucopia of information and entertainment, but government regulation threatens to bottle up the new technology. Cable and telephone companies are both protected from competition and forbidden to enter new markets. The Clinton administration considers spending billions of taxpayers' dollars to build an "information superhighway" that private companies are champing at the bit to build at no cost to the government. Today's Information Revolution is driven by three smaller revolutions in microelectronic, digital, and optical technology. The microelectronic revolution, based on the transistor and then the microprocessor, has given us word processors, programmable VCRs, "featureful" home telephones, and personal computers, all of which have moved computing power away from a technical elite and closer to the average citizen. The digital revolution allows information in any form - even graphics and sound - to be processed by machines. And the fiber-optic revolution means that much more information can be transmitted simultaneously. Together, those technological changes are erasing the boundaries that have separated voice, video, text, and data communications and are making regulatory policy as obsolete as dial telephones and vacuum tubes. Regulations have been based on the outmoded notions of natural monopoly, spectrum scarcity, and captive audiences - none of which seem very compelling in the modern era of Telecompetition. Communications analyst Lawrence Gasman argues that the best way to gain the benefits of new information technology is not a government-backed "communications superhighway" but a policy of free markets, deregulation, propertyrights, and upholding the First Amendment. The most important role for government is to protect property rights, then stand back and watch as new technologies break through the boundaries of old regulations. Telecompetition is the comprehensive case for deregulating telecommunications. It discusses such key issues as deregulating the Baby Bells, spectrum auctions, First Amendment rights for broadcasters, and the national data highway. Telecompetition shows that bureaucrats have neither the knowledge nor the incentive to intelligently guide the Information Revolution. With the regulatory stranglehold on telecommunications actually tightening in some ways - such as the 1992 Cable Act - even as the free market struggles to bring modern technology to all our homes and offices, Telecompetition is a valuable argument for deregulation, First Amendment rights, and free markets.
Download or read book Communications Deregulation and FCC Reform Finishing the Job written by Jeffrey A. Eisenach and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Communications markets have made much progress towards competition and deregulation in recent years. However, it is increasingly clear, in the age of the Internet and the digital revolution, that much more needs to be done, and that new approaches, both at the Federal Communications Commission and in Congress, will be required to complete the task. In this volume, the Progress and Freedom Foundation presents nine papers by communications policy experts and government policymakers that show how to finish the job of deregulating communications markets and reforming the FCC. The Telecommunications Act of 1996 was a landmark piece of legislation for an industry moving from a monopoly orientation towards competition, but additional steps are needed to complete the process of implementing the pro-competitive, deregulatory vision of the act. Bringing together a group of the caliber represented in this book makes possible the best recommendations about the exact nature of those necessary changes. In this volume, the most difficult and politically-charged hot-button issues involving local and long distance competition, universal service, spectrum allocation, program content regulation, and the public interest doctrine are confronted head-on. As importantly, the authors recommend specific reform proposals to be considered by the Federal Communications Commission and Congress. The ideas contained in the experts' essays were presented and debated at a conference hosted by The Progress & Freedom Foundation, which was held in Washington, DC, on December 8, 2000. The Progress & Freedom Foundation studies the impact of the digital revolution and its implications for public policy. It conducts research in fields such as electronic commerce, telecommunications and the impact of the Internet on government, society and economic growth. It also studies issues such as the need to reform government regulation, especially in technology-intensive fields such as medical innovation, energy and environmental regulation.
Download or read book Empirical Studies of the Market for Broadband Personal Communications Service Spectrum in the US written by Andraz Kavalar and published by . This book was released on 2014 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent proposals to limit the participation of Verizon Wireless and AT & T in the upcoming broadcast TV spectrum incentive auction have rekindled the debate on the interactions between auction design and competition policy. Existing literature analyzes the efficiency of spectrum auctions by focusing on auction outcomes, noticing that there is little immediate post-auction resale in the secondary market for spectrum. However, the effects of specific pro-competitive auction policies on the market structure can only be fully understood by considering long-run market outcomes. This dissertation provides a historical overview of the market for broadband PCS spectrum and then documents the construction of a unique and first comprehensive dataset of firms' spectrum licenses holdings. I then use this dataset to investigate the long-term effects of auction restrictions similar to the ones recently proposed. I document how eligibility restrictions for entrepreneurs in the early years of the market for broadband PCS spectrum initially create two separate markets, the gradual opening of the restricted market, and its eventual convergence with the unrestricted one. Second, and contrary to the existing literature, the detailed nature of my data shows there was a significant level of market activity immediately following the auctions, a portion of which can be attributed to specific preferential treatment policies used. To investigate the actual transition of restricted spectrum from entrepreneurs to large companies, my identification strategy uses the institutional design of eligibility restrictions, resulting in considerable differences in the observed build-out behavior of entrepreneurs and large companies. While the latter have no incentive to meet the construction requirements ahead of time, doing so allows entrepreneurs to potentially sell their licenses to large companies. Results show a consistent pattern of entrepreneurs building out their licenses early only to immediately sell them to large companies. By first constructing a unique spectrum license dataset and then exploring the effects of preferential treatment provisions used in spectrum auctions for PCS licenses, this dissertation provides evidence that these provisions did not achieve their long-run goal in terms of the desired market structure. Instead, there is strong evidence of opportunistic behavior of entrepreneurs, who get pulled in because of eligibility restrictions and then quickly resell their licenses to large companies. In general, it appears the presence of secondary markets undoes the outcomes generated in auctions (and desired by the policymaker). Because of this, FCC should consider regulating secondary markets in line with their existing regulatory practices rather than imposing auction restrictions, i.e. regulating auctions.
Download or read book An Insider s View of FCC Spectrum Auctions written by Gregory L. Rosston and published by . This book was released on 1999 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding Spectrum Liberalisation written by Martin Sims and published by CRC Press. This book was released on 2015-08-26 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until the 1990s, almost all spectrum licenses were given away practically for free-even the first mobile licenses which laid the foundation for multi-billion dollar companies that dominate stock markets around the world. In the past fifteen years, there has been a concerted attempt to liberalise the sector and make it more open to market forces. Th
Download or read book Auction Design for the Wireless Spectrum Market written by Peng Lin and published by Springer. This book was released on 2014-05-24 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Brief introduces the wireless spectrum market and discusses the current research for spectrum auctions. It covers the unique properties of spectrum auction, such as interference relationship, reusability, divisibility, composite effect and marginal effect, while also proposing how to build economic incentives into the network architecture and protocols in order to optimize the efficiency of wireless systems. Three scenarios for designing new auctions are demonstrated. First, a truthful double auction scheme for spectrum trading considering both the heterogeneous propagation properties of channels and spatial reuse is proposed. In the second scenario, a framework is designed to enable spectrum group secondary users with a limited budget. Finally, a flexible auction is created enabling operators to purchase the right amounts of spectrum at the right prices according to their users’ dynamic demands. Both concise and comprehensive, Auction Design for the Wireless Spectrum Market is suited for professionals and researchers working with wireless communications and networks. It is also a useful tool for advanced-level students interested in spectrum and networking issues.
